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TABLE OF CONTENTS Jun 30 - Jul 6, 2014 Volume 100 Number 20 - 0 comments

TSX Venture rises for third week, June 16-20

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2014-06-25

The S&P/TSX Venture Composite Index rallied for a third straight week during the June trading period, gaining 2.9%, or 29.04 points, en route to a 1,206.37-point close. Commodity futures were on the rise across the board, with escalating violence in Iraq fuelling fears that the country could enter a full-out civil war and break apart. Meanwhile, The U.S. Federal Reserve said that interest rates would stay low, pushing the U.S. dollar down and driving demand for the precious metals.

August contracts for gold bullion hit a three-week high after jumping 3%, or US$38, and closing at US$1,316.60 per oz. Crude oil futures also finished in the green, with August contracts for West Texas Intermediate rising US21¢ en route to a US$106.83-per-barrel close. September contracts for copper gained 2.8%, or US8.6¢, before closing at US$3.12 per lb.

Ross Beaty’s Lumina Copper led the value-added category after base metals miner First Quantum Minerals made a friendly $470-million takeover offer for the company and its Taca Taca copper–gold–molyb­denum project in Argentina’s Salta province. Lumina gained US$1.75 on 5.6 million shares traded, before closing at $9.65 per share.

The cash-and-share offer values Lumina at $10 per share, or a 34% premium to the company’s 20-day, volume-weighted average trading price, and a 28% premium to its June 16 close. Lumina shareholders can opt to exchange each share held for either $5 in cash and 0.2174 of a First Quantum share, 0.4348 of a First Quantum share and 1¢ in cash, or $10 in cash. Under the deal, First Quantum says it will offer a maximum of 9.7 million shares and $222.4 million in cash. The company already owns 2.5 million Lumina shares.

Explorer Zenyatta Ventures topped the value-lost category after updating its wholly owned Albany hydrothermal-style graphite discovery in northern Ontario. The company dropped 48¢ on 1.4 million shares traded, before closing at $2.49 per share.

On June 18 Zenyatta warned that it needed more time for its metallurgical bulk-sampling program on Albany’s East and West graphite pipes, which would likely delay its preliminary economic assessment. The company expects to know when the PEA will be completed in the next eight weeks.

Meanwhile, Zenyatta says its graphite marketing program has resulted in more than 20 confidentiality agreements with corporations and academic institutions in Asia, Europe and North America.

Junior Camino Minerals completed a 10 for 1 share consolidation that left the company with 10 million shares outstanding. Camino’s shares jumped 900% to 10¢, with the company trading around 70,000 shares during the week.

TSX-V most active issues


    Volume  
Company Symbol (000s) High Low Close Change
Unigold UGD 12860 0.05 0.03 0.04 - 0.01
West Kirkland WKM 12392 0.13 0.1 0.13 + 0.01
Explor Res EXS 6817 0.04 0.03 0.04 + 0.01
KWG Res KWG 6499 0.07 0.06 0.07   0
Gold Bulln Dev GBB 6376 0.04 0.03 0.03   0
Temex Res TME 6339 0.09 0.07 0.08 + 0.01
Lumina Copper LCC 5697 9.75 7.64 9.65 + 1.75
True Gold Mng TGM 4934 0.45 0.41 0.43 + 0.01
Avanti Mng AVT 4808 0.12 0.1 0.1 - 0.02
Midlands Minls MEX 4240 0.03 0.03 0.03   0

TSX-V greatest percentage change


    Volume  
Company Symbol (000s) High Low Close Change
Camino Mnls COR 70 0.1 0.1 0.1 + 900
Tasca Res TAC 31 0.05 0.05 0.05 + 400
Cascadero Copp CCD 2055 0.02 0.01 0.02 + 200
Tiller Res TIR 112 0.4 0.2 0.4 + 196.3
Iron Tank Res TNK 977 0.15 0.07 0.13 + 108.3
Green Valley M GVY 51 0.01 0.01 0.01 + 100
Intl Bethl Mng IBC 264 0.01 0.01 0.01 + 100
Anglo Swiss ASW 1140 0.01 0.01 0.01 + 100
African Metals AFR 47 0.01 0.01 0.01 + 100
Blind Crk Res BCK 482 0.01 0.01 0.01 + 100
Pac Wildcat Re PAW 828 0.03 0.02 0.02 - 50
Sunset Cove Mg SSM 10 0.01 0.01 0.01 - 50
Trio Gold Corp TGK 31 0.01 0.01 0.01 - 50
Frontline Gold FGC 193 0.01 0.01 0.01 - 50
Jasper Mng JSP 190 0.03 0.02 0.02 - 40
Altan Nev Mnls ANE 32 0.04 0.03 0.03 - 40
New Destiny Mg NED 137 0.04 0.03 0.03 - 37.5
Vega Mng VMI 804 0.03 0.03 0.03 - 37.5
Prominex Res PXR 125 0.03 0.03 0.03 - 37.5
Gentor Res GNT 795 0.05 0.04 0.04 - 36.3

TSX-V greatest value change


Company Symbol Change Close Change
Lumina Copper LCC 5696888 9.65 + 1.75
Bear Creek Mng BCM 2490789 3.02 + 0.67
Avino Silver ASM 369042 2.6 + 0.55
Probe Mines PRB 879395 2.66 + 0.28
Tiller Res TIR 112000 0.4 + 0.27
Atacama Pac Gd ATM 877930 0.93 + 0.26
Titanium Corp TIC 289771 1.74 + 0.24
Atac Res ATC 870105 1.29 + 0.2
Reservoir Mnls RMC 201884 6.31 + 0.19
Highway 50 Gld HWY 143000 0.45 + 0.15
Zenyatta Vent ZEN 1369034 2.49 - 0.48
Aston Bay BAY 152000 0.33 - 0.11
Fission Uran FCU 2189306 1.18 - 0.08
Tasman Metals TSM 207161 1 - 0.08
Anfield Res ARY 77000 0.36 - 0.08
Northern Vertx NEE 495000 0.32 - 0.08
WCB Res WCB 34000 0.35 - 0.08
North Arrow Mn NAR 70265 0.73 - 0.07
Taipan Res TPN 2282438 0.43 - 0.07
Olivut Res OLV 73825 0.21 - 0.06


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Related News
Zenyatta advances Albany graphite project toward PEA
TSX Venture loses ground, Sept. 2-5
TSX Venture finishes in the red, Aug. 11-15
Related Press Releases
Zenyatta Ventures Ltd. Successfully Completes Pilot Plant & Metallurgical Testing to Produce High Purity & Highly Crystalline Graphite Product
Lumina Copper Corp. Announces Securityholder Approval of the Arrangement
Zenyatta Ventures Ltd. Grants Stock Options
 



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